Fiat SpA’s Chrysler division is dropping a request for provincial and federal Canadian funding to develop new minivans and other models, saying the carmaker will escape political interference by using its own money.
Qantas Airways Ltd.’s bid for government aid suffered a blow as Australian Prime Minister Tony Abbott ruled out guaranteeing its debt and instead proposed allowing more foreign investment in the airline.
The U.S. Environmental Protection Agency drew up its rules limiting sulfur content in gasoline with automakers’ backing, reflecting a new way of doing business for an industry that’s often fought regulators.
Freddie Mac, the U.S.-owned mortgage financier, will return $10.4 billion to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid after the 2008 credit crisis.
When Hostess Brands Inc. went bankrupt in 2012, it triggered anxiety among employees at Ottenberg’s Bakery, a family-owned enterprise in Maryland. The companies shared a pension plan, and if Hostess couldn’t pay its retirees, Ottenberg’s would have to pick up the tab.
Chances that Congress will move this year to wind down or transform Fannie Mae and Freddie Mac are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies.
The U.K. will prioritize Drax Group Plc for low-carbon power funding, the government said today, a decision that may lead to the closure of rival Eggborough Power Ltd. in northern England, putting hundreds of jobs at risk.
Hypo Alpe-Adria-Bank International AG, the lender nationalized by Austria in 2009, won temporary European Union approval for an extra 200 million euros ($282 million) in government aid, as the EU regulator expanded its probe into the bank’s restructuring plan.